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Beach House 8 – Miami Beach Condos

February 21, 2014

Beach House 8 - Miami Beach Condos presented by Miamism.com

 

I love unpretentious, low scale projects and Beach House 8 is one of them.  Designed by Arquitectonica and developed by Valerio Morabito from Morabito Properties and Ugo Colombo from CMC Group.  We’re talking right on the ocean on Collins and 36th Street and only 8 residences.  The epitome of luxury and exclusivity and to top it off, interiors by Michele Bonan.

Developer Valerio Morabito explains the concept behind Beach House 8,

“I wanted to create the feeling of being in your own space, almost as if you are on the bow of a yacht.  This idea is reflected in every aspect of the building:  the maritime feeling of the sleep interiors, the generous glass surfaces, the long terraces, the light filtering from every corner of the space.”

Architect Bernardo Fort-Brescia explains the play on volumes of the facade,

“Unlike the usual Miami high-rise where everything lines up and everything is exactly the same, this facade consists of a series of shifted frames, expressing a series of houses in a very pure and abstract way – shifting as if moving from the water to the land, capturing the wind, all the dynamic movement of Miami, all the energy of the ocean waves.”

Beach House 8 Features and Amenities

  • NY concierge services provided
  • 2 parking spaces for each residence
  • 1 pool-side cabana for each residence
  • Fitness center with Technogym equipment
  • Completed terrace floors with stone
  • 75′ pool with jacuzzi
  • Private pool and beach service

beach house 8 - miami beach condos

In shared outdoor and lobby areas, elements from wood-paneled drawing rooms to decking finished in Mauritian Teak, from natural-fiber banquettes to dark-blue mosaic tiling in the pool, from the garden waterfall to the airy 14-foot ceilings at the entry – combined with a full suite of concierge services appropriate for cosmopolitan living – all create an atmosphere of both understated elegance and contemporary informality.  Just right for where the city meets the beach.

Beach House 8 residence features

  • Boffi Kitchens
  • Marble countertops quarried in Italy for kitchen and baths
  • Custom made, built out closet systems
  • Energy efficient LED downlighting in key areas
  • Lutron Home-Works lighting control system
  • Creston home automation system with the ability to control audio, video, HVAC, lighting and window treatments
  • Prewired for motorized window treatments
  • Prewired for HSIA (high speed internet access)
  • Prewired for telephones, cable TV and satellite video
  • Security System

beach house 8 presented by miamism.com

Beach House 8 Price List

Pricing starts at $5.9 Million and residences start at 3,783 sq.ft. (378 meters) with 989-2,899 sq.ft. of exteriors(99 to 290 meters).  The penthouse will have 5,242 sq.ft.(524 meters) with 6,230 sq.ft. exteriors(623 meters).

Accepting deposits now of 10% to guarantee price as well as residence.  Remember that these developments vary in pricing depending on popularity and increase in price upon demand – these prices are valid now and will increase (Don’t say we didn’t warn you).  We always tell our clients to reserve early since deposits are refundable.

Beach House 8 original Price list

Remember our team is ready to help you with your Beach House 8 Purchase and of course surrounding condos as well. We also have floor plans.  Call us for details 305.758.2323 or beachhouse8@miamism.com

Matt Damon’s Miami Beach home REDUCED!

November 22, 2013

Matt Damon’s Miami Beach home has been reduced from $20,000,000 to $18,999,000 – that’s almost a whoopin’ 6% reduction!  Check out our previous article on the hunk’s magnificent Miami Beach Manse.

matt damon's Miami Beach home for sale via miamism.com

Thank you Curbed Miami for giving us the scoop on Matt Damon and his Miami Beach home being for sale.  I have to admit that I don’t have many crushes on actors, but there’s something about Matt Damon – he won me over with his “Good Will Hunting” performance and I would probably be star struck if I saw him (GASP).  So enough about Matt and let’s talk real estate.

This North Bay Road home boasts almost 13,000 sf of living space with 7 bedrooms and 9.5 bathrooms.  It has 170? of open bay water frontage and sits on a 43,690 sf lot.  It was built in 1935 and obviously remodeled (DUH) and although it has a nice charming 30?s feel to it, it also feels modern.

It is modestly priced at $20 Million $18.999 Million and could have Chris Bosh as a neighbor close by …and not to mention “Matt Damon appeal.”

Here are some exterior shots:

Matt Damon Miami Beach by Miamism.com

 

The marketing description reads (let me know if you need translating):

Your own private retreat in the heart of Miami Beach awaits you on prestigious upper N Bay Rd. Situated on a rare double lot w/170? of water frontage, Maravilla boasts breathtaking, unobstructed views of Biscayne Bay & beyond. The pool house w/full summer kitchen allows for easy entertaining & a rooftop terrace provides panoramic views of the entire property. The 2-stry main house features a theatre rm, wine cellar, custom ofc, oversized living rm overlooking the water, gourmet kitchen. 2BR/2BA guest hse.

And finally, the interior:

matt damon miami beach by miamism.com

 

If you are interested in this house or any other Miami Beach home, please email us at mattdamonmb@miamism.com.  No curious onlookers please, just real buyers…and don’t get offended if we ask for proof.

**property information courtesy of South East Florida Multiple Listing Service**

Billy Joel sells Miami Beach home

June 14, 2013

Where are all of our Miami Celebrities going? Hopefully to new and better things…..locally.  We told you back in May of 2012 that Billy Joel listed his Miami Beach home for $14,750,000.  Well….the scoop by The World Property Channel is that he has sold it for $14 Million to fashion mogul Diego Della Valle (Reportedly worth $1.55 billion, Mr. Valle is the owner of Tod’s shoes and a majority shareholder in Saks Fifth Avenue, according to Forbes magazine.)

Billy Joel's Miami Beach Home by Miamism.com

The Piano Man singer bought the 8,881-square-foot Mediterranean-style mansion for $13.5 million in 2006, according to the Real Estalker. He will most likely lose money after all fees are paid.

As we told you back in May of last year:

The house has 8,881 sf of living space, with 7 bedrooms, 8 bathrooms and 1 half bath.  It sits on a 30,330m sf lot and has a private dock , amazing pool area and views to die for.

Tax records show that the home was purchased in February of 2006 for $13.5 Million.  The selling description reads:

Elegant 7 bedroom 8.5 bath Mediterranean waterfront estate is situated on prestigious La Gorce Island.  this 8,881 sq ft home boasts expansive open areas with breathtaking views of the bay.  Luxurious bar with wine cellar, gourmet chefs kitchen, formal living and dining room, office and sumptuous master suite all of which showcase the finest details and finishes.  Perfect home for entertaining with outdoor summer kitchen.  Over 150 feet of water frontage.

Here are some photos:
Billy Joel selling Miami Beach Home - miamism.com

Billy Joel's Miami Beach Home by Miamism.com

Billy Joel's Miami Beach Home by Miamism.com

Congrats Mr. Della Valle and welcome to the neighborhood!!

Remember we are here to help you sell or buy your dream Miami Beach home or condo!  With architectural expertise and specializing in luxury real estate, historic homes and architecturally significant properties!

Water Skiing in Miami Beach

June 12, 2013

Funny enough, we did this video 3 years ago and never shared it here at Miamism.com.  We had so much fun water skiing yesterday with the whole family that I decided to share.  Many have asked that I give my perspective of why I love Miami so much and what makes it such a great place to live.

Water skiing is one of those great things to do here.  Please don’t miss the Miami Beach real estate porn in the background.   We were skiing right in front of Ricky Martin’s home before he sold it as well at Chris Bosh’s home before he bought on North Bay Road.  We’re talking the same area where Matt Damon’s home is as well as A-Rod’s newly sold $30 Million crib.  Phewww! talk about a heavy paragraph full of Miami Beach celebrity homes!!

Remember, we don’t just share pretty pics and interesting information – we specialize in luxury real estate and architecturally significant homes in Miami. Call us to buy or sell your Miami Beach homes!

A-Rod sells his Miami Beach Mansion

May 23, 2013

We told you back in August of 2012 that A-Rod had listed his Miami Beach home for $38 Million and now we have word that he sold it for $30 Million to a supposed Palm Beach Resident.

A-rod selling miami beach home

I’m sure his neighbors will be happy since they were complaining about all the parties at A-Rod’s crib.  Take a look at the construction photos we took while the house was being built – a true modern masterpiece!

A-Rod's Miami Beach Home - construction by miamism

Before the North Bay Road home was pulled off the market in January, it was listed for $38 Million with 9 bedrooms, 11 bathrooms, 2 half-baths and almost 20,000 sf of living space.  And did we mention the 275? of open bay water frontage?  This Miami Beach celebrity home is nothing short of spectacular and almost makes Chris Bosh’s home look like in-law quarters.  And although Anna Kournikova’s home was short of a tennis court, Alex’s crib even has a batting cage.  The selling description reads as follows:

Uninterrupted, panoramic views of the water and the Miami Skyline fill this extraordinary new Modern Masterpiece sitting on over an acre of lush grounds on prestigious N Bay Road in Miami Beach. Completely gated and walled in featuring 275 ft. of water frontage and 2 docks. Over 20,000 sq.ft. of chic and elegant spaces completely surrounded by 12? walls of impact glass. Finely detailed with extensive use of Coral Rock, White Oak floors, Ipe wood, Marble and exquisitely decorated by renowned Edward Briggs design. Zen like outdoor/indoor living spaces, Gourmet open kitchen, spectacular Home Theater, covered terraces, vanishing edge heated pool, outdoor kitchen area and Guest House. Amazing separate gym with steam room overlooking the bay. 2,200 sq.ft. Master Suite with atrium, sitting area, his and hers baths and oversized closets. Rooftop Deck and 3,000 sq.ft. sports room. Commercial sized elevator, Full home Generator, Creston lighting, 16 security cameras and surround sound system throughout.

House Porn at its best, that’s why we love Miami Beach.  Here are some photos:

Congrats Alex!! You made a killing!! But we don’t want to see you go, so please tell me you have another Miami project in mind.

Matt Damon’s Miami Beach Home For Sale

April 14, 2013

matt damon's Miami Beach home for sale via miamism.com

Thank you Curbed Miami for giving us the scoop on Matt Damon and his Miami Beach home being for sale.  I have to admit that I don’t have many crushes on actors, but there’s something about Matt Damon – he won me over with his “Good Will Hunting” performance and I would probably be star struck if I saw him (GASP).  So enough about Matt and let’s talk real estate.

This North Bay Road home boasts almost 13,000 sf of living space with 7 bedrooms and 9.5 bathrooms.  It has 170′ of open bay water frontage and sits on a 43,690 sf lot.  It was built in 1935 and obviously remodeled (DUH) and although it has a nice charming 30′s feel to it, it also feels modern.

It is modestly priced at $20 Million and could have Chris Bosh as a neighbor close by …and not to mention “Matt Damon appeal.”

Here are some exterior shots:

Matt Damon Miami Beach by Miamism.com

 

The marketing description reads (let me know if you need translating):

Your own private retreat in the heart of Miami Beach awaits you on prestigious upper N Bay Rd. Situated on a rare double lot w/170′ of water frontage, Maravilla boasts breathtaking, unobstructed views of Biscayne Bay & beyond. The pool house w/full summer kitchen allows for easy entertaining & a rooftop terrace provides panoramic views of the entire property. The 2-stry main house features a theatre rm, wine cellar, custom ofc, oversized living rm overlooking the water, gourmet kitchen. 2BR/2BA guest hse.

And finally, the interior:

matt damon miami beach by miamism.com

If you are interested in this house or any other Miami Beach home, please email us at mattdamonmb@miamism.com.  No curious onlookers please, just real buyers…and don’t get offended if we ask for proof.

**property information courtesy of South East Florida Multiple Listing Service**

7 things to consider when buying a Miami Beach Waterfront Home

February 20, 2013

If you are buying a Miami Beach waterfront home, you are likely to have a boat or will be considering a boat in the near future. We are constantly asked a number of questions regarding waterfront purchases and Rick and I decided to write a list of 7 important factors to consider when buying a waterfront home in Miami.

Miami Beach Waterfront Home

Miami Beach Waterfront homeCondition of Sea wall –

    It is important for anyone buying a waterfront property to get a seawall inspection by a structural engineer or a seawall specialist.  Inspections should include not only the actual seawall but also settling cracks within the main house, patios and pool as well as dock areas.  Because most canal systems in Miami and Miami Beach are artificially made or made with landfills, the integrity of the seawall could ultimately determine the integrity of the structure of the home.  Doing a visual inspection of seawalls of adjacent properties is also recommended in order to avoid future settling.

Miami Beach Luxury HomeType of waterfront property

    – If you look at an aerial view of Miami and Miami Beach, you will notice that there are numerous types of waterfront properties:  lakes, rivers, canals with direct ocean access, canals with fixed bridges, canals with no ocean access, non-navigable canals, and bayfront homes, to name a few.  Depending on the type of boat you have, you will need to consider fixed bridges (clearance heights), depth of canals, and proximity to bay and or ocean access.  There are several waterfront communities in Miami and Miami Beach that have direct ocean access but you have to navigate at idle speed for miles which can mean being on your boat for a couple of hours before you can really do some boating.

Miami Beach waterfront real estateBoat Dock

    – it is important to inspect not only the condition of an existing dock, but also if the type of dock can accommodate your boat. There are a lot of canals in Miami with natural coral sea walls and no docks – you may not want to dock your boat next to natural coral.  If there is no dock on the property, it may be a good idea to contact DERM (Department of Environmental Resources Management) about what kind of dock they will allow in a particular canal.  DERM may even send an inspector out to the property in order to make recommendations.

Miami Beach Real EstateDavits and/or Boat Lift

    – depending on the size of the boat, most boat owners will not keep the vessel inside the water and use davits and/or boat lifts to raise the boat out of the water while not in use. Whichever your choice, make sure to inspect existing davits or make sure the existing seawall can accommodate a boat lift of your choice.

Miami Beach Luxury HomeProtection from the elements

Bayfront homes are obviously the most desired type of waterfront property but can also leave your property very exposed to the elements (weather and hurricanes).  Canal front properties are said to protect not only your house, but boats as well in case of increment weather.  This doesn’t mean that you should not purchase a bayfront home, it means you should consider location when purchasing.

Miami Beach Luxury Real EstateLocation of home within a canal

    – because of the intricate design of canals in Miami and Miami Beach, some canals may be comparable to dead-end streets.  These canals, depending on currents and wind may accumulate debris and garbage that can become a nuisance.  If a property is located at the end of a dead-end canal, make sure you ask about accumulation of debris throughout the year.

Miami Beach Luxury HomeInsurance Costs

      – just keep in mind that property insurance costs will be higher for waterfront homes, especially open bay properties.

Using the right Window for your Miami Beach Home

February 1, 2013

We are reviving an old article about historic windows since we have received so many questions about windows this week. I wrote this back in October 2007 – remember to look in the category section of the blog under “historic homes” or “architecture” for informative articles that may help you with restoration of historic homes or even remodeling of your existing one. We always appreciate your feedback!  And remember we are here to serve all of your Miami real estate needs – especially if you are buying or selling historic homes! It’s our passion and you’ll know why from the minute I step into a historic property.


You are going to think I am crazy for writing an article about the correct use of windows.  But you need to know that windows are myvitruvian_man.jpg pet peeve.  Windows are a key element in a building’s architecture, and the incorrect use of a window can ruin a building’s facade. When doing the Miami Beach Real Estate thing I am always shocked at what I see.

I drive around every day looking at Miami Architecture shaking my head.  You see Spanish Mediterranean homes with Colonial windows, Colonial homes with casement windows, or Mid-century modern homes with single-hung windows.  This drives me absolutely crazy, so instead of complaining, I’ll try to explain some basics.

Vitruvius, known as the first Roman architect to have written on his field, always talked about architecture as an imitation of nature, and ultimately defined the Vitruvian Man (drawn by Leonardo da Vinci).  The Vitruvian Man, represents perfect human proportions and fundamental geometric patterns of the cosmic order.  I will not go into detail about the human proportions but will only tell you that the first windows were vertical in nature made to represent the human body, or better yet, were designed according to human proportions.

I have sketched a common window to show what proportions are about – notice the vertical nature of the window.  Different styles of architecture call for different window proportions.  And although I’m not going into detail about what type of window is appropriate for what type of architecture, my purpose is to help you “see” and discern the different proportions.

window.jpg

You have no idea how good it feels when friends and loved ones start noticing things that they really never paid attention to.  It’s great that Rick can go into a house now, with his “accountant eye” and say, “too bad they replaced the windows with the wrong type”.  It’s a big YESSSssss in my book.

Here are 3 sketches of the same house with different types of windows – please excuse my primitive pen and inks, but I think it helps to make a point.

The house is a small scaled Mediterranean Revival typical of the 1920′s in South Florida.  One of the three window types is correct for the style.

window_study.jpg

Sketch “A” shows the house with a horizontal awning window,

Sketch “B” shows the house with a vertical casement window,

Sketch “C” shows the house with a colonial window.

The differences may be a bit subtle for the untrained eye, but the correct use for a Mediterranean Revival home is the casement window.  If we want to go into detail, the proportion of the window lights and the placement of the muntins is also very important.  But I would much rather see a plain casement without muntins, than the other 2 applications.

So what’s the purpose of this blog and how does it apply to you?  Start looking at windows, notice differences, that way when you are ready to replace a window in your home, you will know which type to use.  Please don’t ask window companies, most of them will not care what you use and which window type is appropriate; when in doubt, ask a professional.  There are plenty of architects that do consulting and would be glad to answer questions.  There are also historic boards throughout that may be able to help you.

If you have a question about windows, let me know……I’ll try my best to answer.

What makes a Miami Beach historic house special

January 28, 2013

If you have visited a Miami Beach historic house with me you know how I light up.  The architect in me wants to jump out and point out every single historic detail, no matter how minute.  I can’t begin to tell you how many calls and e-mails we get from people wanting to know more about historic houses, or people thanking me for writing about window proportionsHistoric Cuban Tile or Cuban Tile flooring.  (There’s even a Historic Homes category on the menu bar on the blog).

The fact is that Miami historic real estate is my specialty – many times I point out features that listing agents are clueless about and later thank me.

Miami Shores Historic Home Rendering

But I’m not writing this post to pat myself on the back or to tell you “If you are buying a historic home in Miami, call me!!” (although it would be that easy).  The purpose of this post is to help you be critical about the reasons you may be captivated by historic homes.

I see it all in this business – the person that walks into a gorgeous Miami Beach Mediterranean Revival Home and appreciates every nook and cranny, and those that get disgusted by the “old feel” and want to replace everything in site with modern features.  When showing a historic home, it is obvious who appreciates the home and who doesn’t.

So what is it you like about historic homes?  Is it the charm and character?  Is it the warm materials (textured stucco, hardwood floors, mill-work) Or is it just the look and feel of these properties?  Are you aware that Historic Properties are known to hold their value much better than other properties and have a particular public who recognize the value and are willing to pay for it?  Whether Mediterranean Revival, Art Deco, Tudor …..or whatever…….historic homes sell for more – I’m not making this up, the numbers prove it.

This doesn’t mean that these homes may sell quicker (although many times they do), it means that they sell for more than the average home.  There are certain neighborhoods in Miami that have historic homes:  Miami Shores, Miami Beach, Coral Gables, Miami Springs and Historic Morningside are the most known….but there are also hidden pockets with beautiful gems all around Miami……even where you least expect it.

Owning one of these old homes is not all fun and games either – with old homes comes a lot of work and sometimes problems.  From structural deflection (sagging beams), to old plumbing, to termite damage.  It’s time to think of the reasons why you may be attracted to these old homes, and if you are not interested in working with the “buying an old home package” while paying a premium, then it may be a good idea to skip these altogether.

Please note that I’m not a purist either – I believe in reaching a happy medium between restoration and modernization…..it’s doable, as long as you always respect proportions and materials.  Ultimately, you will be the one living in the house…..just think of resale value and don’t go butchering and altering the historical integrity without taking into consideration the consequences, which could include resale value.

Have a historic problem or an anecdote you want to share about a historic house?  Add it to the comments so everyone can pitch in.

*originally published on October 8th, 2008*

Miami Beach Waterfront Homes Sold in 2012

January 4, 2013

When it comes to Miami Beach real estate, a lot has happened in a year, especially when it comes to Miami Beach homes and the waterfront/luxury market.  There are 145 Miami Beach waterfront homes for sale right now ranging from a $750,000 North Beach home on Biscayne Point, to the previously JLo owned $40 Million North Bay Road home (close to Miami Heat’s Chris Bosh).

2012 marked the highest single-family home residence sale in the history of Miami Beach when  3 Indian Creek, originally listed for $60 Million, sold in August, for $47 Million!

This sale, in addition to the Miami Beach condo market boom, marks the beginning of a crazy luxury market that many even interpret as another bubble.  The truth is that Miami Beach remains to be desirable not just to locals, but to the whole world – it is an escape from brutal winters to a great global hub destination for both primary homes, vacation and second home getaways.  Let’s break down all the 2012 waterfront home sales by island to better understand the nature of each.

The Median Listing price for a Miami Beach waterfront home is currently $6.9 Million.  Out of the 113 waterfront homes sold in 2012, the median sold price was $2.8 Million in 2012 – let’s look at those numbers in detail.

Star Island Home Sales

2 Star Island waterfront homes sold – averaging $1,221 per square foot with the highest sale at $14.325 Million for the house located at 29 Star Island Dr – with 10,160 sf of living space, 5 bedrooms, 40,000 sf lot and 100 feet of water frontage.

Palm Island Home Sales

4 Palm Island homes sold on the water –  highest sale at $14.5 Million for the house located at 70 Palm Ave. with 19,000 sf of living space, 9 bedrooms and 100? of water frontage.  The average price per square foot for Palm Island homes coming in at $1,211.

Hibiscus Island Home Sales

4 Hibiscus Island homes sold on the water – price ranging between $5.85 and $4.5 Million.  The highest sale of $5,850,000 was for the home located at 265 N. Hibiscus Dr. with over 5,000 sf of living space, 11,375 sf lot, 5 bedrooms and 65? of water frontage. The average price per square foot in Palm Island was $1,099.

Venetian Islands Home Sales

There were 13 Venetian Island waterfront homes sold – prices ranging between $1.45 Million to $6.45 Million, with an average price per sf of $804.  The highest sale was for the very dated home built in 1995, located at 835 E Dilido Dr, with over 7,000 sf of living space, 26,816 sf lot, 6 bedrooms and almost 200 feet of water frontage.

Sunset Islands Home Sales

There were 16 Sunset Island homes sold on the water – prices ranging between $1.67 million and $12.9 Million.  The average price per sq.ft. coming in at $976.  The highest sale was one of our featured Miami Mod homes located at 1835 W 27th St., with 22,192 sf of land, over 10,000 sf of living space, 7 bedrooms and over 150 feet of water frontage.

North Bay Road Home Sales

There were 6 North Bay Rd waterfront homes sold this year.  Their prices ranging between $5.5 to $10.6 Million and averaging $964 per sq.ft.  The highest sale was for Ricky Martin’s Miami Beach home boasting over 9,000 sf of living space and located at 5130 N Bay Rd, with over 19,000 sf of land, 7 bedrooms and 105 feet of open bay water frontage.

La Gorce Island Home Sales

There were 2 waterfront La Gorce Island homes sold.  One for $5.75 Million and the other for $11 Million and averaging $908 per sq.ft.  The highest sale was all about land with more than 1.78 acres (77,748 sf), located at 100 La Gorce Dr Cr with over 10,000 sf of living space, 7 bedrooms and 180 degrees of water views.

Allison Island Home Sales

There were 5 waterfront Allison Island homes sold on the water in 2012.  Their prices ranging from $2.7 Million to $8325 Million with an average price per square foot of $685. The highest sale was for the brand new construction located at 100 6633 Allison Rd with over 12,000 sf of living space, 7 bedrooms and 207 feet of water frontage.

North Bay Island Home Sales

There were no waterfront homes sold in N. Bay Island

Normandy Island Home Sales

There were 13 waterfront homes sold in Normandy Island, which historically, has been the least expensive waterfront real estate in Miami Beach.  They ranged in price between $770,000 and $2.6 Million for the bay front home located at 425 N Shore Dr – with 4,700 sf of living space, 4 bedrooms, over 11,000 SF of land and 65 feet of water frontage.  The average price per sq.ft. in Normandy Island coming in at $346.

Biscayne Point Home Sales

9 Biscayne Point waterfront homes sold in 2012 ranging between $420,000 for a foreclosure, to $2.125 Million for the home located at 1550 Daytonia Rd.  This completely remodeled Key West Style home has over 3,000 sf of living space, 5 bedrooms, 11,250 sf lot and 75 feet of water frontage.  The average price per sq.ft. in Biscayne Point coming in at $393.

Stillwater Island Home Sales

7 Stillwater Island waterfront homes sold ranging between $780,500 for a foreclosure, to $1.8 Million for the home at 1370 Stillwater Dr – with 3,000 sf of living space, 5 bedrooms, 8,000 sf lot and 50 feet of water frontage.  The average price per square feet for Stillwater being $590.

Pinetree Drive Home Sales

There were 6 Pinetree waterfront homes sold ranging between $1.75 for a short sale, to $13.1 Million.  The highest sale of $13,100,000 was for the mediterranean mansion and one of Pinetree’s historic gems located at 4821 Pinetree Dr, with over 18,000 sf of living space, over 80,000 sf lot, 13 bedrooms and 200 feet of water frontage.

Built in 1928 by renowned architect L.M. Barrett for Byron D. Miller Esq. (president of the F.W. Woolworth Co.), this stunning 18,000-plus-square-foot gated compound in Miami Beach is a rare historical masterpiece that has hosted more political dignitaries than any other home in Miami. The estate commands 250 feet of water frontage and is situated on a two-acre parcel on the widest span of the Indian Creek waterway.

The average price per sq.ft. in Pinetree coming in at $660.


Miami Beach’s waterfront housing market has not only recuperated, but has come ahead faster than anyone could have predicted.  We are asked often why we think this is and the answer is very simple:  Miami Beach is still coveted amongst celebrities and the wealthy because there is a certain lifestyle you can’t get anywhere else, because of the fact that we are so easily accessible, because of our year-round great weather, and simply because Miami is a beautiful place.

To those clients I urged and pleaded to buy back in 2011….now you see why – all the pending doom energy has come and gone and no one even felt it, so now you’ll pay a bit more, but it will always be worth it.

Take a look at this graph and how different islands compare.  Star Island is still at the top of the game, but followed closely by Palm Island and Hibiscus Island.  The Venetian Islands still offer a great option when compared to The Sunset Islands, North Bay Road and La Gorce Island.

Normandy Island continues to be the least expensive waterfront real estate in Miami Beach and Pinetree Drive will continue to offer homes that are historically significant in a unique setting.

We have come a long way and I’m sure home sellers are happy that the market has come back and doing well.  There are still great opportunities out there and we look forward to continuing to be your Miami Beach Real Estate Resource and also to working with you, as your REALTORS, in 2013.

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